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$ 1,399,000
Est. payment /mo
Active
251 E Nevada Street Long Beach, CA 90806
9 Beds
7 Baths
6,429 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG25071699
Bedrooms 9
HOA Y/N No
Lot Size 6,429 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Located in Long Beachs Wrigley neighborhoodan area benefiting from ongoing city investment and revitalization251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside. While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market. This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildingsan appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor. Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Located in Long Beachs Wrigley neighborhoodan area benefiting from ongoing city investment and revitalization251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside. While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market. This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildingsan appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor. Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Located in Long Beachs Wrigley neighborhoodan area benefiting from ongoing city investment and revitalization251 E Nevada St presents a rare opportunity to own a large, income-generating fourplex with solid functionality and strong long-term upside. While legally recorded as a 7-bedroom, 6-bathroom building, the property is currently configured as 9 bedrooms and 6 bathrooms across four spacious units: one 3-bedroom, 2-bath unit; two 2-bedroom, 2-bath units; and one 2-bedroom, 1-bath unit. With approximately 4,651 square feet of interior space, each unit offers larger layouts than typically found in this segment of the market. This added bedroom and square footage advantage supports stronger rents compared to similarly sized buildingsan appealing benefit for investors focused on maximizing return. Each unit is assigned a garage, and the property sits on a well-kept lot in a high-demand rental corridor. Whether you're seeking in-place cash flow, a value-add opportunity, or a solid 1031 exchange target, 251 E Nevada offers the scale and flexibility rarely found in this price range.
Location
State CA
County Los Angeles
Area Long Beach (90806)
Zoning Assessor
Exterior
Roof Type Composition
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $83
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,590
Listing Terms Cash, Conventional, Exchange
Listed by Ty Youngblood • Keller Williams Realty